TrackInsight: Strong outflows from US Technology Stocks

December 18, 2018

A heavy sell-off on Wall Street sent all US sectors tumbling down on Monday, as US technology stocks ETFs registered the largest daily outflows over the month with $949.5 million. Moreover, the segment fell by 2% bringing the performance over the month to a new low of -6%. As revelation of a report prepared for the senate Intelligence Committee’s probe into Russia’s implication in the US election accused US technology Giants of impeding the investigation, their stocks price seen a sharp decline. The US technology segment whose assets exceed $100 Bn, counts 42 ETFs and 22 indices.